Date: Wed, July 02, 2025 | 05:30 PM GMT
The cryptocurrency market has staged an impressive comeback in Q2, with Ethereum (ETH) leading the charge — rallying over 36.5% and currently trading near $2,575. This renewed bullish momentum is lifting a wide range of altcoins and memecoins — and Dogwifhat (WIF) is standing out with a technical pattern that could hint at further upside.
WIF, the Solana-based memecoin, has already posted a massive +140% gain over the last 90 days. But what’s catching traders’ attention now is that WIF’s current structure is closely mirroring SEI’s pre-breakout setup — a move that led SEI to a powerful rally.
WIF Mirrors SEI’s Breakout Setup
Looking at the side-by-side charts of SEI and WIF, the similarities are striking.
Just a few weeks ago, SEI was consolidating within a falling wedge — a textbook bullish reversal pattern. Once SEI broke above the wedge and cleared its 50-day moving average, it exploded upward, posting a 76% gain in a matter of days.
Now, WIF is following that same roadmap.
WIF has already broken out of its falling wedge and is currently testing the 50-day MA, just like SEI did before its breakout. This zone now acts as a key decision point — one that could unlock significant upside if bulls step in.
What’s Next for WIF?
If WIF can close a daily candle above its 50-day moving average ($0.9251), it would likely confirm the breakout and could pave the way for a rally toward the $1.39+ zone, implying a potential 56% move from current levels.
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